Skip to main content

tv   [untitled]    November 29, 2013 3:00am-3:31am PST

3:00 am
now at mid-market is that everyone wants to be here now. of course what that means that everyone wants to be here, what does that mean for the arts community that has always been here. this is going to keep artist and the artist organization here. it was great to work with the california community loan funds and the office of economic development to make this a reality. over the past couple of year with hard work and procuring money and property owners we were able to procure these sites to ensure the arts remain here permanently. this is a huge effort. it's not just the elected officials that get to stay here. it's the main market community that holds this together. whether it's the collaborative that continues
3:01 am
to advocates for public safety and all of you that make this a viable and dynamic and exciting community and diverse. that's the challenge here. we are trying to revitalize this area and still remain diversity. it's not going to happen easy. there is going to be a lot of challenges. but what's exciting is that everyone here from the mayor's office is committed to making that the reality here on market street. thank you very much. [ applause ] >> thank you very much, supervisor. and to talk about the incredible entity that has been created to help us celebrate today is the president of cast and also a board member of the foundation. that is eric roaden back. [ applause ]
3:02 am
>> hi. i would like to thank mayor ed lee and supervisor jane kim. it's incredible to be standing here with them. thank you. we appreciate the commitment the city has shown forecast and for the arts community. i have lived in the tenderloin for 10 years and this is a warm spot in my neighborhood. this used to be a cool neighborhood in san francisco and it's great to be back on track. as the mayor said, this is the greatest place for economic development for the community and it's also important educational resource and help us transcend barriers across these communities. these dynamics are as the mayor and supervisor said are seriously impacting the art and we need a
3:03 am
permanent solution to address the displacement of our organization. we collaborate with local government agencies, businesses, and civic leaders and artist to purchase and lease space for artist in the organization and to develop and expand their facilities and purchase their own facilities. we are developing this with the can an foundation and we fund arts in san francisco. and it's with the city's key artist the need for space which forms a huge challenge. it doesn't matter how much we provide if we don't have a place for performance art. we are providing $5 million in seed funding over 5 years to cast. [ applause ]
3:04 am
northern california community loan foundation has extensive experience working with arts organizations and they helped us identify these two key properties so we can start doing something about it. they also understand the concept of buying new property in this neighborhood and that adds to the investment in the neighborhood. if you invest 100s in $100 in the neighborhood you get $20 back. we look forward to working with them in the future in concert with the mayor's central market economic strategy. so our first major undertaking, this includes two pilot projects in the district focusing on supporting counter post and the luggage gallery. as a board member over the years we've awarded these project grants and given some organization to put on the project. my co-board
3:05 am
member is engaged in multiyear capacity building grants. an organization that we can help create their own capacity so they don't have to continuously rely on us and this was in someway that we heard over again what they needed mostly to be successful was affordable space. this is a step in the multiyear effort. we are proud to announce these two projects. with your help we can move this further. we need foundation and individual investors to help us expand this work. we know that we can expand our role. we honor the reliability and we invite you to join us. thank you. [ applause ] >> thank you very much, eric.
3:06 am
now to the beneficiaries of this incredible outcome. first we stand in front of the luggage store today so i want to welcome darryl smith. >> thank you, mayor lee and supervisor kim, the focus that you are bringing to this project. i want to thank all of you for being here. looking out at you i see the diversity that is reflective of what mid-market and tenderloin encompasses. i wanted to bring your attention to this structure that local artist dustin made. it's kind of a scrapie recycled construction of the buildings that are to symbolize our home, our
3:07 am
continuation and to be able in mid-market and to be able to do what we do which is to support artist and their formative early careers and to also to support the notion of affordable living for those artist. there are several hundred artist that moved here and began migrating to central market during the time of the dot com that forced them out of the mission. this is where they came here. we moved here in 1991. we had a beneficiary who rented our top floor for $600 a month. purchasing a building wasn't even an idea or endeavor. today with the conditions that are in play now, as been expressed by the mayor and supervisor are very
3:08 am
vital that we protect through acquisition, not only buildings for the arts organization but the residents who live here. yeah, that's what i want to say actually. when i moved here, my mentor was richard from the theatre. there were only seven arts groups. the community arts program was one. on one hand i can count the active arts group. today there are over 30 arts group throughout central market and the hundreds of artist who are here and that make work and struggle to live here and make work through their domiciles. i look forward to the language that you expressed that so very well for that kind of support. the way
3:09 am
we can partner with the it community. i think they were here, they were attracted to the language of the emerging arts district. it's real. i think that it's on us to sort of pave that way for their integration and support and securing sustainability of arts in the tenderloin and central market. thank you very much. [ applause ] >> i want to give a big thanks, i want to do a couple big thanks and one is to my friend alvin padilla who showed up here 3 years ago and i have to say that he's been an inspiration to me and all of us have touched hands with alvin and the tenderloin economic development project. so, it's all of us working together, the non-profit housing group, the arts community, that we should
3:10 am
be as our show is titled the whole pie. thank you. [ applause ] thank you very much, joe. before we bring up our final speaker, i want you to know the whole pie is a function of our people. i want to thank amy cohen, our staff from economic enforcement and to the san francisco police department, especially captain for all the extraordinary work they do. to laurie from the luggage store. laurie, at work and jackie from the hospitality house and director to ensure the programming is available here for folks. to mary' from the california community loan fund and of course to the godmother
3:11 am
of the arts kerry schulman and the san francisco arts commission tom mccaneey. now our final speaker, i would like to make sure we give a special shout out to you robin love who hands out a huge effort of accountability. which will have it's new home. jessica, thank you. [ applause ] >> thank you so much to mayor lee, supervisor kim and the amazing folks at cast and clf and owe. it's an exciting thing for a grass roots oration to -- organization to get out of central market and building a new home. this builds community. what that means in practical terms is that we find
3:12 am
dance and theatre artist whose voice haven't been heard yet. we give them support and freedom to create new work and we form with grass roots and non-profit to form that. we are only moving 5 blocks and that gives us a chance to partner with the tenderloin rich organizations. we are excited to be in this journey with the luggage. we are going to fund raise a major campaign to purchase a new home. we are looking for leaders of that campaign to share with the power of art. i recognize many of those leaders are here today. i see colleagues from the 950 project who will be our neighbors and arts partners and organizations and collaborators from the tenderloin community and sisters and brothers in social service and social justice. i see building owners who have the ethics and
3:13 am
foresight to invest in our community and those seeking to positively impact their new neighborhood and of course the rain an san francisco foundation who has been working on this issue for a very long time. thank you all. [ applause ] as the other speaker said, this is a milestone and time for celebration but also just the beginning. we have a lot of work to be done. we have work to do as a community because counter post and the luggage are the two that need stability and we need to help our organization to be able to stay in this city. it's been quite a while to be here in this moment. i want to thank the staff. and our board who have each made a deep personal commitment to this project. without their support, i
3:14 am
wouldn't even consider doing this. we are only one organization, but we are part of a larger ecosystem. that's why we have been in conversations over the last 9 months with neighborhood residents and businesses to think about how can we leverage the transition from one building to an entire community. we are building theatre and a cafe. we ask for your help with the physical transition but more than that, we invite you to be part of the dreaming for a larger organization that this room is possible. we are a space for possibility. we have a sign up sheet going around because we want to invite you. we couldn't do it today but we want to invite you at our new home and talk to you about your vision for the neighborhood because we are all in this together. thank
3:15 am
you so much. [ applause ] >> thank you very much, jessica. i want to make sure we acknowledge the rain an foundation president and ronnie fung. and in addition to the services we have available we want to make sure we announce the technical program to ensure those organizations that want to be here can be here and we have the resources available to do that work here in the central market tenderloin. for more information visit our website and follow us on twitter. thank you for coming. congratulations. [ applause ] >>
3:16 am
>> the annual celebration of hardly strictly bluegrass is always a hit now completing itself 12 year of music in the incredible golden gate park. >> this is just the best park to come to. it's safe. it's wonderful and such a fun time of the year. there is every kind of music you can imagine and can wander around and go from one stage to another and just have fun. >> 81 bands and six stages and no admission. this is hardly strictly bluegrass. >> i love music and peace. >> i think it represents what is great about the bay area. >> everyone is here for the music and the experience. this is why i live here. >> the culture out here is
3:17 am
amazing. it's san francisco. >> this is a legacy of the old warren hel ment and receive necessary funding for ten years after his death. >> there is a legacy that started and it's cool and he's done something wonderful for the city and we're all grateful. hopefully we will keep this thing going on for years and years to come. .
3:18 am
>> good morning everyone. welcome to the san francisco board of supervisors budget and finance committee meeting for november 20, 2013. i am supervisor farrell and i will be chairing this committee and joined by supervisor avalos and we will joined by eric mar and i want to thank sfgtv and as well as the clerk of the committee linda wong -- sorry, madam clerk do we have any announcements. >> yes mr. chair. please silence all cell phones and complete speaker cards and documents to be part of the file should be submitted to the clerk and will be on the november 26 agenda unless otherwise stated. >> great. can you call items one and two together. >> item one is sale of general obligation bonds - general hospital improvement not to exceed approximately $210 million and item two is
3:19 am
appropriation - general hospital improvement general obligation bonds fy 2013-2014 authorizing the issuance of these bonds and earthquake safety for the hospital and trauma center for fiscal year 2013-2014. >> okay. thank you very much. do you want to speak first on the item. >> good morning i budget and finance committee. the item before you is a resolution to authorize the sale and issuance of city and county of san francisco general obligation bonds and amount not to exceed $209,955,000 and the supplemental proceeds the same proceeds to finance the cost of the general hospital project. i will give a introduction to the financing and talk about the bonds and there are representatives from sfgh and
3:20 am
dpw available to answer project specific questions. so in 2008 the voters approved proposition a and not to exceed the amount of the general hospital rebuild and of that amount some funds have been issued and leaving $209,955,000 unauthorized and unissued. this is the fourth sale of bonds of proposition a for the hospital rebuild and contribute 207 million to project costs and additional $1.9 million for cost related to the issuance of this discount and citizens general obligation bonds oversight committee. sebt service on the bonds if approved is approximately $18 million a year over the 20 year life and $151 million in interest payments and three 61 principle and interest over the years. the three has two constraints
3:21 am
on the issuance of these bonds. the first is the charter limitation of amount owed at any given time and 3% of assessed evaluation. if approved by the board that limitation will still be maintained and the bonds will cause that rate to increase by 0.1 2% to 1.2 two and the other constraint is the property tax rate for the capital planning committee -- if approved that rate will remain within the constraint of the 2006 property tax levels, and is included in the fiscal year 14 tax rate for geo bonds and finally the resolution approved finance documents willing the official notice of sale and notice of intention to sale that announces -- provides legal notice of time and date of the sale and the
3:22 am
issue nsance and approves the statement that provides investors with information concerning the bonds themselves and risks and securities and financials for the city and we intend to include the audit when it's available for investors [inaudible] that provides that notice to the investors as it occurs. i am happy to answer questions and we have other representatives here also. >> thank you. dpw do you have anything to present on this item or anything to add? if you don't that's okay too. we don't have questions at this point. mr. rose, can we go to the budget analyst report please. >> yes mr. chairman, supervisor avalos on page six of the report we report that she has advised that the not to exceed amount
3:23 am
of $209,955,000 are project to have annual interest rate of 6% over 20 result in the debt payments of this and 210 million in principle and the rest in interest and the annual estimated debt service payments listed also. on the bottom of page six we report with a single family residence and assuming a homeowners exemption of $7,000 the average annual additional property tax is payable to the city would be $52.61 per year. if the board authorizes the $209,955,000 in the series 13 bonds to be sold. however, according her any increases to the property tax rate due to the sale of the bonds is off set by
3:24 am
decreases to the tax rate due to the retirement of other general obligation bonds. we recommend that you approve both the proposed resolution. as well as the ordinance listed. i am happy to respond to any questions. >> thank you mr. rose. colleagues, about questions. supervisor avalos. >> thank you. it's a question not necessarily for mr. rose but like we have done on occasion with the water system improvement program it would be good to get a status update of the hospital rebuild project and i can introduce a hearing for that just to see where we're at in terms of that project and how we're meeting all of our time line and financing goals or maybe you can provide a short summary now. >> good morning. i'm with the department of public works. i am happy to give you an update on where the project is right now what we have accomplished
3:25 am
to date, so it's been a busy five years since the prop a was approved in 2008. i have maybe a few slides i can give you. i have it set up. so if you look on the screen there's a couple of milestones that we have accomplished to date. we have been able in 2009 complete the phase one site utility successfully as well as finish all of the structural work and the construction of the mat foundation, the isolation system for the building as well as the entire structural framing as well as the currently in progress we are working on the skin of the building basically trying to enclose the building which is working in conjunction with the building itself built out so what we call in the increment four interior build
3:26 am
out and essentially makes the building functionally so we have been doing for the last five years getting the structure standing. there are photos of what the hospital currently looks like. on the outside it looks completed but in the interior we have a lot of work to do and that's our object objective for the next two years to get through this completion in may of 2015 is to finish the interior build out which is the mechanical, electrical, plumbing systems as well as finishing the skin of the building and making it functional. i am happy to answer any other questions. >> and in terms of meeting our goals around maintaining costs how are we doing in that regard? >> based on the current cost trends in the schedule we are on schedule with our substantial
3:27 am
completion date of may 2015, so we are tracking under -- the entire bond which is 887.4 million and we will be under that amount at this time. >> what is the contingency on the overall project ? >> overall roughly $30 million for the entire program. >> and do we expect to be dipping into that or how is that looking at this point? >> yes. i don't have the exact numbers but over all we believe we will be under that amount. >> and when we have a completion date, may, 2015, is that ready to actually start taking in patients or do we actually have to having that -- you know, furniture and fixtures? when do we expect that all to be completed and have it operational?
3:28 am
>> so after the substantial completion date that is shed by the authority having jurisdiction for the project and the next eight months because they're licensing from the state of california so a lot of that is ff and e as well as the transitional planning and implementation that's primarily through the ssgh facilities and making that happen and i think -- yeah, so if there are any other questions -- >> in terms of date for the hospital being fully operational? i am sure we have a schedule for that. can you say what that is? >>i will defer that to terry. >> thank you. >>i am terry [inaudible] with the department of public health, program manager for the hospital. the transition plan is happening right now we have engaged with a contractor. we're walking through the paces. we have a targeted date of
3:29 am
early december early 2015 to move in. i think the official date was december 2015 and a one day move of the entire hospital on december 28 so we're trying to bring it back to early december sore either the first or second week in december. we're trying to find the sweet spot between thanksgiving and christmas that are that but those endeavors are happening right now and they are meeting with a subcommittee and report to a steering committee and review the tasks and critical timelines for each committee and that is managed at this time. we have a two year track on that. >> great. thank you. >> any further questions? okay. thank you very much. if nothing else we will move to public comment. anyone wish to comment on items one or two? two
3:30 am
minutes. >> good morning supervisors. i am douglas yep and i did survive working 20 years at san francisco general hospital. i would like to first thank supervisor avalos for past questioning. i think they're relevant questions that we need to put on the record and obviously we will see what happens when it's officially opened, and also i would like to note for the record whether the new general hospital would include any facilities for the dialysis unit which had recent hearing here at city hall? i think that needs to be put on the record and we will see how that turns out. now, let's put it this way. i am looking at the agenda -- i notice there is only one sponsor. if i was going to nearly spend $210 million the main question is do i


info Stream Only

Uploaded by TV Archive on